Emaar board backs proposal not to pay dividend in '09
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Emaar board backs proposal not to pay dividend in '09

Emaar board backs proposal not to pay dividend in '09

Emaar Properties said its board approved a proposal not to pay dividend in 2009, Bloomberg has reported, citing statement sent by the developer to the Dubai bourse. The company will transfer last year's profit to its reserves and would seek the shareholders approval in a meeting on April 29, the statement added.

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